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Westpac New Zealand - Latest News [Page 1]
Westpac McDermott Miller Consumer Confidence June 2025
Wednesday, 18 June 2025, 1:57 pm | Westpac New Zealand
Recent months have seen large increases in the cost of essentials like food and utilities. Consistent with that, many households have told us that their financial position has deteriorated over the past year, said Westpac Senior Economist Satish Ranchhod. More >>
Westpac NZ And Fidelity Life Launch New Digital Guide To Make Life Insurance Easier
Thursday, 12 June 2025, 8:26 am | Westpac New Zealand
Westpac customers can access the LifeProtect Guide securely through the Westpac One app. After answering simple questions about their income, lifestyle, employment, and personal priorities, they’ll receive tailored recommendations on the types ... More >>
Building Resilience In The Food And Fibre Sector
Friday, 6 June 2025, 7:32 am | Westpac New Zealand
The report recommends farmers increasingly adopt smart digital technologies and processes that provide greater visibility along the value chain and deliver on-farm efficiency improvements. More >>
Westpac NZ Supports Open Banking Rollout By Not Charging Fintechs For Standard API Calls
Friday, 16 May 2025, 7:12 am | Westpac New Zealand
“Allowing fintechs to integrate into our open banking APIs for no cost should create a more affordable business model for them, and ultimately speed up access for Kiwi consumers to a wide range of affordable open banking experiences,” Westpac NZ Chief ... More >>
Westpac Economic Overview, May 2025 – Rolling With The Punches
Tuesday, 13 May 2025, 7:46 am | Westpac New Zealand
“The New Zealand economy continues to show pleasing signs of recovery, notwithstanding uncertainty created by developments in US tariff policy”, Westpac NZ Chief Economist Kelly Eckhold said on the release of Westpac’s May 2025 Economic Overview. More >>
Westpac NZ Posts Resilient Half-year Result
Monday, 5 May 2025, 10:08 am | Westpac New Zealand
Westpac’s lending to corporate and small business segments grew faster than the market for the half, building on strong growth in the previous financial year. More >>
Westpac NZ Pilots Mobile Banking Services In Southland
Wednesday, 30 April 2025, 7:50 am | Westpac New Zealand
“In choosing where to run the pilot, we looked at where there was the most opportunity for a mobile service to have an impact. While Westpac has a strong branch presence in Southland, the widespread geography of the towns there made it a great region ... More >>
Westpac NZ Commends Government’s CHP Funding And Loan Guarantee Scheme
Thursday, 27 March 2025, 6:21 pm | Westpac New Zealand
Westpac NZ Managing Director Institutional and Business Banking Reuben Tucker says CHPs have always played an important role in providing social housing, but their capacity to build has been held back by funding and financing constraints. More >>
Employment Confidence Falls As Jobs Remain Hard To Find
Tuesday, 25 March 2025, 11:36 am | Westpac New Zealand
Much of the difference across regions was driven by earnings growth, which was generally weaker in the main centres but rose strongly in some of the more farming-intensive regions. More >>
Westpac NZ Moves Swiftly To Pass On Latest OCR Cut
Wednesday, 19 February 2025, 4:16 pm | Westpac New Zealand
Westpac is also supporting small businesses and farmers by delivering a 0.6% p.a. cut – more than today’s OCR reduction – to most variable business lending products including overdrafts. More >>
Westpac NZ Working To Improve Banking For The Disabled Community
Tuesday, 21 January 2025, 9:10 am | Westpac New Zealand
A new report commissioned by Westpac and carried out by research agency ThinkPlace found nearly one in four New Zealanders have a disability and can encounter a range of barriers accessing bank accounts and banking services, which can have a big impact ... More >>
Westpac NZ Commits To Increasing Sustainable Lending To $9 Billion By 2027
Tuesday, 3 December 2024, 2:29 pm | Westpac New Zealand
The $9 billion sustainable lending commitment demonstrates our ambition to support our business and farming customers to invest in initiatives to reduce their emissions, improve climate resilience or lead to positive social outcomes, Westpac NZ CEO Catherine ... More >>
Westpac NZ Reports Broadly Flat Underlying Profit
Monday, 4 November 2024, 10:58 am | Westpac New Zealand
Pre-provision profit was up 1% on the prior corresponding period, with net profit rising 10% to $1,055 million, reflecting a significant drop in impairment charges compared to the prior corresponding period. More >>
Property Developers Are Investing In Sustainability, According To Westpac NZ Data
Friday, 18 October 2024, 10:18 am | Westpac New Zealand
Reuben Tucker, Westpac NZ MD Institutional & Business Banking, says the bank is supporting investment in healthy and affordable social housing, as well as energy efficient homes and offices, and projects to increase climate resilience. More >>
Westpac NZ Cuts Popular Fixed Home Loan Rates
Thursday, 17 October 2024, 2:58 pm | Westpac New Zealand
Westpac NZ General Manager of Product, Sustainability and Marketing Sarah Hearn says the changes should provide another confidence boost to home loan customers rolling over onto lower rates. More >>
Westpac NZ Cuts Fixed And Floating Rates
Wednesday, 9 October 2024, 3:41 pm | Westpac New Zealand
The bank is also cutting fixed home lending rates by 0.10% p.a., which means it has now reduced its advertised 12-month home loan interest rate by a total of 0.95% p.a. since the start of July. More >>
Westpac NZ Cuts Home Loan And Term Deposit Rates Further
Saturday, 14 September 2024, 11:25 pm | Westpac New Zealand
Westpac NZ is cutting its fixed special home loan rates between 6 months and 4 years, giving it the outright lowest advertised 2 year special rate of the five major banks, and the joint-lowest on all other advertised special fixed terms. More >>
Westpac NZ Delivers Further Cuts To Home Loan And Term Deposit Rates
Friday, 16 August 2024, 6:35 pm | Westpac New Zealand
The bank is also lowering some of its term deposit rates. All changes are effective Monday 19 August. More >>
Westpac NZ Cuts Floating Rates In Response To OCR Drop
Wednesday, 14 August 2024, 7:45 pm | Westpac New Zealand
Westpac NZ General Manager of Product, Sustainability and Marketing Sarah Hearn says today’s floating rate cuts are another sign of repayment relief on the way for homeowners, businesses, farmers and growers. More >>
Westpac NZ Makes Further Cuts To Home Loan And Term Deposit Rates
Thursday, 8 August 2024, 4:44 pm | Westpac New Zealand
Westpac NZ is delivering cuts to its special home loan rates. It’s the third round of cuts the bank has made in the past month, giving it the outright lowest advertised rates of the five major banks on its 2 year term, and the joint lowest rates on the ... More >>
